We have a left wing government now.

e.g Give lots of your money to the plonkers at RBS, so they can invest in what Vince Cable tells them to in.

That is something which is beginning to be done now!!!, the only problem was, is Labour did it at the time they would have been labelled as Socilist by the Conservatives and media, of course the idea of a left wing goverment would be terrible according to the media, but we have not really had one for nearly 30 years.

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That’s not rent seeking. That is what is called the tragedy of the commons. ie. Rape the sea, because no one owns it.

The problem currently is that the very things you are talking about is being destroyed by rent seeking. Both the failed banks, the greens are doing it. Vince Cable wants to give billions of your money to the failed bankers are RBS to ‘invest it’. What a plonker.

Very simple. If they are too big to fail, they are too big for competition. The solution is to insist on the split up into two entities.

That is a dangerious precendent as the free market is what is cheapest, so rent seeking may be necessary, as to otherwise could advocate destroying natural wildlife and communities, destroying peoples standards of living etc, as the markets demand things as cheap as possible.

Green power lacks viability down to lack of investment, if you added up all the investment that has gone into fossil fuel technologies over the last 100 years and adjusted for inflation I think you will find that green investment would be less then 10% in comparison.

Now I do not agree with a full free market economy as their are some things that are more important then money, such as quality of life, enviroments etc, to have a full free market could cause more problems then it is worth.

Politicians are small fry. The Feral 1% are the bigger problem. Deal with them first.

Ah right, you want to strip deposit protection from tens of million of normal people, who rely on a bank account for their day to day lives. Or make them pay what amounts to extortion to ensure their cash won’t be stolen by you and your feral 1%.

The problem is lack of free markets, and rent seeking.

Two big examples.

1. Green power. it’s uneconomical, so get the government to force people to buy your product and pay over the odds. Rent seeking.

2. Banks and their bailouts – rent seeking.

The critical point is the common factor. Politicians. When they have a finger in every rip off, they are the problem not the solution.

I do agree in principle to what you have said, however lack of regulation and the approach of free markets by both political parties resulted in organisations that were so big, that if they did fail they would bring down the country hence the bailout.

I agree they should have seperated the two earlier which was an oversight by both political parties but also remember both parties were funded by the banks so self interest is also evident.